As we wrapped up our generative AI takeover list and our fifth annual most promising startups list, I got to thinking: how many of the companies will still be independent a year from now?Already, this year has seen a flurry of acquisitions and quasi-acquisitions as startups look for a safe haven in the arms of larger tech companies. And there are likely more such deals to come—bankers tell me that... Read more ›
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Miro, a startup which sells productivity software for businesses and was last valued at $17.5 billion, told employees Wednesday that it plans to lay off roughly 18% of its workforce or around 275 employees. The layoffs are the latest example of how startups focused on selling niche business software are suffering as customers get more selective about spending. Miro rose to prominence during the pandemic when demand for its product,... Read more ›
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Last summer, online cookware brand Made In saw customers’ requests for refunds nearly double in terms of dollar value in just a month. Soon after, instead of returned merchandise, empty envelopes and boxes filled with junk, like plastic toys, began to show up at Made In’s fulfillment center. Made In executives realized that the surge in returns was a coordinated, large-scale effort, likely stemming from online fraud groups on Telegram... Read more ›
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Zhang Yiming, the founder of TikTok’s parent ByteDance, is China’s richest person, according to an annual ranking of the country’s wealthiest individuals. Zhang’s wealth now amounts to $49.3 billion, according to the 2024 Hurun China Rich List. Last year, he was ranked No. 5 with $33.7 ... Read more ›
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Snap said revenue for the third quarter jumped 15% to $1.37 billion, on the high end of its prior outlook, boosted by a 10% gain in digital advertising and more demand for its subscription product, Snapchat+. The parent of Snapchat also turned cash flow positive for the three months ended in ... Read more ›
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Google may have calmed some nerves on Wall Street on Tuesday. It delivered a third-quarter result showing a sharp acceleration in Google Cloud’s growth rate, to a bumper 35%, from 29% in the second quarter. CEO Sundar Pichai credited that performance in part to the company’s AI portfolio, which he said was helping it win new customers as well as lift usage by existing customers. Pichai didn’t quantify the impact... Read more ›
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It’s time for internet companies to report their quarterly results. One takeaway so far? While digital advertising is still most important for Snapchat and YouTube, subscription revenue is driving growth. Here’s the rundown:SnapThe company’s subscription service, Snapchat+, now has 12 million subscribers, up from 11 million subscribers last quarter and more than double the same time last year. Even though subscriptions represent a relatively small amount of money for Snap,... Read more ›
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Social media company Reddit posted its first profit as a public company in the third quarter, along with much higher revenue and adjusted earnings before interest, taxes, depreciation and amortization than executives had projected. Shares soared more than 20% in after-hours trading. The company ... Read more ›
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Few conferences are able to gather a more powerful group of finance and tech moguls than Saudi Arabia’s sovereign wealth fund, which sponsors the annual Future Investment Initiative, also known as “Davos in the Desert.” This year’s conference, held this week in Riyadh, has so far featured Elon Musk, SoftBank’s Masayoshi Son, Ben Horowitz, TikTok CEO Shou Zi Chew, Uber co-founder Travis Kalanick and a host of CEOs from major... Read more ›
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Sales of AMD’s data center server chips, which includes the Instinct MI300A chip that competes with AI chips from Nvidia, boomed during its September quarter as more customers adopt the technology. But AMD shares fell more than 7% after its earnings report, as investors were apparently ... Read more ›
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Alphabet said its revenue grew 15% year-over-year to $88.3 billion in the third quarter, driven by acceleration in Google’s revenue from renting out cloud servers, which also includes the sale of artificial intelligence to businesses. The cloud result helped Alphabet overcome a dip of nearly 1 ... Read more ›
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PayPal’s revenue growth slowed to 6% in the third quarter, the payments firm reported on Tuesday, as growth in payment volume also slowed. Profit was unchanged at about $1 billion. PayPal’s payment volume growth has slowed steadily, from 15% a year ago, thanks to competition from rival payments ... Read more ›
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Earlier this year, executives at finance software startup Runway had an idea about how they could boost sales. Using artificial intelligence from OpenAI and other software, Runway’s engineers built a tool that scanned a list of potential corporate customers and drafted custom emails based on information in each of the customers’ websites. To make the messages seem more realistic and human-looking, CEO Siqi Chen told his team to instruct the... Read more ›
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Elon Musk’s xAI, the developer of the Grok chatbot, is in talks to raise more money at a $40 billion valuation, according to a Wall Street Journal report. The company, founded last year, raised $6 billion in a round announced in May that valued the company at $24 billion, including the ... Read more ›
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Microsoft is turning up the heat on OpenAI. Microsoft’s developer platform GitHub announced on Tuesday that its wildly popular GitHub Copilot tool—which previously relied entirely on OpenAI models—will now also incorporate AI models from Anthropic and Google. GitHub Copilot will be able to toggle between Anthropic’s Claude 3.5 Sonnet, Google’s Gemini 1.5 Pro, and OpenAI’s GPT-4o, o1-preview, and o1-mini, the company said. The new development is striking given Microsoft’s long... Read more ›
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When Apple CEO Tim Cook visited China last week, he pledged to government officials that the company would continue to increase its investment in the country, where the vast majority of its products are made, according to the state-run Xinhua news agency. But Apple recently reached a new milestone in its manufacturing efforts in India, which could help it one day reduce its dependence on China. For the first time,... Read more ›
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The U.S. Treasury Department issued final rules that limit and screen U.S. investments in China in sensitive technology areas. The restrictions will take effect on Jan. 2. Under the new rules, certain U.S. investments in semiconductors, artificial intelligence and quantum computing in mainland ... Read more ›
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Get ready. We’re about to endure three days of earnings reports from five of the six biggest companies in tech—not including Nvidia, which doesn’t report earnings until Nov. 20. What makes these updates more interesting than usual is that investors appear to have wildly varying views of these companies right now, at least judging by their recent stock performances.Shares of Microsoft and Alphabet both peaked in early July and since... Read more ›
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Instagram has been reducing the quality of videos on the app when they receive low numbers of views, for instance after a video has been available for a while, said Instagram Head Adam Mosseri in a question-and-answer session on his account. “In general, we want to show the highest-quality video ... Read more ›
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AI search startup Perplexity has had a turbulent relationship with some news publishers, and now it has hired a tech industry veteran to help change that. Jessica Chan, a former manager at LinkedIn and Meta, joined Perplexity last month as the two-year-old startup’s first head of publisher ... Read more ›
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10.06.2026 16:22
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